Narrow search
Showing 1 - 10 of 1,400
Cover Image
Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2012
With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...
Persistent link: https://www.econbiz.de/10013107224
Cover Image
Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants
Van Biesebroeck, Johannes - 2021
frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level … status on productivity for a panel of manufacturing plants in nine African countries. The results indicate that exporters in … increase their productivity advantage after entry into the export market. While the first finding can be explained by selection …
Persistent link: https://www.econbiz.de/10013227223
Cover Image
Keeping it in the Family : Lineage Organization and the Scope of Trust in Sub-Saharan Africa
Moscona, Jacob - 2017
We present evidence that the traditional structure of society is an important determinant of the scope of trust today. Within Africa, individuals belonging to ethnic groups that organized society using segmentary lineages exhibit a more limited scope of trust, measured by the gap between trust...
Persistent link: https://www.econbiz.de/10012962171
Cover Image
Kinship and Conflict : Evidence from Segmentary Lineage Societies in Sub-Saharan Africa
Moscona, Jacob - 2018
We test the long-standing hypothesis that ethnic groups that are organized around ‘segmentary lineages' are more prone to conflict. Ethnographic accounts suggest that in segmentary lineage societies, which are characterized by strong allegiances to distant relatives, individuals are obligated...
Persistent link: https://www.econbiz.de/10012930336
Cover Image
An Empirical Analysis of the Swaption Cube
Trolle, Anders B. - 2010
We use a comprehensive database of inter-dealer quotes to conduct the first empirical analysis of the dynamics of the swaption cube. Using a model independent approach, we establish a set of stylized facts regarding the cross-sectional and time-series variation of conditional volatility and...
Persistent link: https://www.econbiz.de/10013135764
Cover Image
Financial Sector Regulation and Reforms in Emerging Markets : An Overview
Prasad, Eswar S. - 2010
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013137321
Cover Image
Financial Intermediation and Aggregate Fluctuations : A Quantative Analysis
Cooper, Russell - 2010
are procyclical. In an economy with both intermediation and total factor productivity shocks, the correlations we produce …
Persistent link: https://www.econbiz.de/10013138142
Cover Image
Central Banks and the Financial System
Giavazzi, Francesco - 2010
Financial systems are inherently fragile because of the very function which makes them valuable: liquidity transformation. Regulatory reforms can strengthen the financial system and decrease the risk of liquidity crises, but they cannot eliminate it completely. This leaves monetary policy with a...
Persistent link: https://www.econbiz.de/10013139754
Cover Image
The Real Effects of Financial Markets
Bond, Philip - 2011
A large amount of activity in the financial sector occurs in secondary financial markets, where securities are traded among investors without capital flowing to firms. The stock market is the archetypal example, which in most developed economies captures a lot of attention and resources. Is the...
Persistent link: https://www.econbiz.de/10013117118
Cover Image
The Evolving Importance of Banks and Securities Markets
Demirgüç-Kunt, Asli - 2012
This paper examines the evolving importance of banks and securities markets during the process of economic development. We find that as countries develop economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association between an...
Persistent link: https://www.econbiz.de/10013107516